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中来股份(300393) - 2021 Q1 - 季度财报
JolywoodJolywood(SZ:300393)2021-04-25 16:00

Financial Performance - The company's revenue for Q1 2021 was CNY 1,131,242,364.23, representing a 144.66% increase compared to CNY 462,365,908.95 in the same period last year [8] - The net profit attributable to shareholders was CNY 11,862,506.53, a significant turnaround from a loss of CNY 19,362,709.96, marking a 161.26% improvement [8] - The net cash flow from operating activities was CNY 144,625,073.19, compared to a negative cash flow of CNY 148,245,846.71 in the previous year, reflecting a 197.56% increase [8] - Basic and diluted earnings per share were both CNY 0.02, up 166.67% from a loss of CNY 0.03 per share in the same quarter last year [8] - The weighted average return on equity improved to 0.32%, compared to -0.69% in the previous year [8] - The company's operating revenue increased by 66,887.65 million RMB, a growth of 144.66% compared to the same period last year, driven by increased production and sales across all business segments [21] - The company's net profit attributable to shareholders increased by 3,122.52 million RMB, representing a growth of 161.26% year-on-year, primarily due to the increase in total profit [21] - The company's cash received from sales of goods and services rose by 18,413.59 million RMB, an increase of 38.28% year-on-year, attributed to higher sales collections [21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,632,280,130.36, a decrease of 0.87% from CNY 9,716,688,930.43 at the end of the previous year [8] - The total liabilities decreased by 1,604.88 million RMB, a reduction of 75.47%, due to the completion of part of the shipment for previously expected loss contracts [21] - The company's financial assets decreased by 15,235.1 million RMB, a decline of 69.60%, mainly due to the settlement of forward foreign exchange contracts during the reporting period [21] - The company's total current assets amounted to approximately CNY 3.87 billion, an increase of 1.6% from CNY 3.80 billion as of December 31, 2020 [52] - Total non-current assets decreased to approximately CNY 5.77 billion from CNY 5.91 billion, a decline of about 2.4% [55] - Current liabilities decreased to approximately CNY 4.34 billion from CNY 4.40 billion, a reduction of about 1.5% [58] Research and Development - The company's research and development expenses increased by 1,233.44 million RMB, a growth of 49.77% year-on-year, reflecting increased investment in R&D [21] - Research and development expenses increased to ¥37,118,443.21 from ¥24,784,089.37, reflecting a growth of approximately 49.6% [73] - The company aims to strengthen its R&D capabilities and enhance its technological advantages to respond to rapid market changes and competition in the photovoltaic industry [29] Cash Flow - The cash flow from operating activities showed improvement, contributing positively to the overall financial health of the company [76] - The net cash flow from operating activities was 144,625,073.19, a significant improvement from -148,245,846.71 in the previous period [90] - Cash inflow from financing activities totaled 695,115,341.66, compared to 519,894,720.00 in the prior period [93] - The cash flow from financing activities showed a net outflow of -187,990,638.13, compared to a net inflow of 33,682,703.29 previously [93] Shareholder Information - The total number of shareholders at the end of the reporting period was 28,924 [11] - The total equity attributable to shareholders of the parent company increased to approximately CNY 3.68 billion from CNY 3.66 billion, reflecting a growth of about 0.2% [61] - The company reported an increase in undistributed profits to approximately CNY 667.23 million from CNY 655.37 million, a rise of about 1.3% [61] Government and Regulatory Matters - Non-operating income included government subsidies amounting to CNY 23,126,540.11 [8] - The company has received a decision from the Shenzhen Stock Exchange to terminate its application for a specific stock issuance, and it plans to adjust its issuance strategy accordingly [33] - The company has acknowledged a misunderstanding regarding the timeline for replacing self-raised funds with raised funds, leading to a non-compliance issue [45] - The company has not reported any violations regarding external guarantees during the reporting period [46] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period [47] Future Outlook and Strategy - The company is actively monitoring international political and macroeconomic conditions to enhance its ability to respond to external changes and make informed decisions [28] - The company plans to continuously improve its core product competitiveness through cost reduction and efficiency enhancement to mitigate policy risks associated with the photovoltaic industry [29] - The company is facing risks from raw material price fluctuations and plans to adjust procurement strategies based on market data analysis to stabilize costs [29] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth [76]